Petros Kusmu

By: Dennis Campbell, Petros Kusmu and Stacy Straaberg Format:Print | Language:English | Pages:37 ShareBar In 2013, guitar manufacturer Taylor Guitars’ co-founders Bob Taylor and Kurt Listug were considering several exit options including selling to a competitor or to a private equity firm. The co-founders decided, instead, to embark on a seven-year process to transfer 100% of the ownership of the company from themselves and third owner partner Andy Powers to Taylor Guitars employees.

The modern social “safety net,” including various types of income assistance and social care, has helped protect our most vulnerable citizens for decades. But today, the system is showing stress in virtually all jurisdictions. Most safety net services have remained largely unchanged in design and delivery since the 1950s. Yet their costs are rising, and recipients’ expectations are growing and changing—and the pandemic has only accelerated the challenges they face. Other forces are at play as well.